Rivian Automotive Inc. is searching for a valuation in a spread simply above $60 billion in its preliminary public providing subsequent week, one of many largest and most-anticipated offers but in a blockbuster yr for brand new points.
The Amazon.com Inc. -backed electric-vehicle startup plans to promote shares between $57 and $62 apiece, the corporate stated in an up to date regulatory submitting on Monday. On the excessive finish of the vary, that may give Rivian a valuation of over $60 billion on a completely diluted foundation, as The Wall Avenue Journal first reported Monday.
